The packaging automation market generated $61,848.5 million in revenue, and it is projected to advance at a rate of 8.2% from 2021 to 2030. The increasing manufacturing activities, rapid industrialization, and surging adoption of automation in the manufacturing sector boost industry growth. Besides this, the lower requirement for labor also proliferates the industry.
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| Packaging Automation Market Size and Share Analysis Forecast to 2030 |
In 2021, the filling equipment captures a significant share, accounting for 23%, ascribed to secondary and tertiary packaging usage with a number of goods. The wrapping process automation provides numerous benefits to the manufacturing units with increased productivity, high efficiency, decreased wrapping film expenses, enhanced inventory control, and time saving.
Access Report Summary - Packaging Automation Market Segmentation Analysis Report
Moreover, the labeling category is projected to experience massive growth in the coming future, led by the wide usage of labeling equipment for labeling or printing brand names and other information in the manufacturing industry. In addition, the government regulations for proper labeling, including serializing or product tracing boosts the industry growth.
The E-commerce industry is rapidly expanding due to internet penetration. A large number of people prefer to purchase products online. The surging e-commerce industry propels the demand for automation packaging industry led by the massive packaging machinery requirement in all the production stages of the e-commerce industry. It includes primary and secondary packaging, coding, marking, and labeling of the products.
In addition, the buying decisions of consumers are greatly influenced by the packaging of the product. It also helps in keeping the products safe and distinguished from each other through vivid and innovative graphics.
Under the end use segment, the pharmaceutical industry is projected to experience the fastest growth in the coming future, advancing at a rate of 9%. It is attributed to the rapid expansion of the pharmaceutical industry, rising demand for sustainable packaging solutions, as well as increasing investment by large companies for improving the manufacturing capacity of the facilities.
Furthermore, advanced packaging solutions are required for protecting pharmaceutical drugs, and maintaining their chemical properties, which could be affected by environmental conditions. Therefore, regulators’ scrutiny is implemented on pharma firms, including FDA and EMA.
The food processing category captures the significant revenue of the industry, accounting for 37%, and it is predicted to retain its position in the industry in the coming years. It is owed to the high demand for automated food packaging machines led by enhanced productivity, safety, and security with no human intervention.
The rising government investments, along with large companies focusing on setting-up warehouses for storing food products to cater to the rapidly growing retail sector are projected to propel the industry growth in the coming future.
Moreover, APAC generates significant revenue for the industry, accounting for over 37%, and it is projected to retain its position in the near future. It is led by increasing household purchasing capacity, rapid urbanization, rising e-commerce industry, and stringent government regulations on energy conservation, technology, and machinery upgrades.
Therefore, the demand for packaging automation equipment is rising due to the expansion of the E-commerce industry.
